Break down of weekly support @ $50.34.
Due to the earning report, AIG sustained a large drop today of 6.5%. It broke through the weekly support @ $50.34, and filtered with the 2nd weekly support at $48.33, and finished just south of it ($48.28).
Looking ahead, I think the stock will consolidate around the previously established consolidation zones. In the bullish case, it will be around $48.3-$50.3, and bearish case around $45.5-$48.3. Next week will the be key and will tell us which side it will take. Use RSI as your guide.
No position in AIG (Sold around $49.9 on 10/14), but looking to re-enter.
Due to the earning report, AIG sustained a large drop today of 6.5%. It broke through the weekly support @ $50.34, and filtered with the 2nd weekly support at $48.33, and finished just south of it ($48.28).
Looking ahead, I think the stock will consolidate around the previously established consolidation zones. In the bullish case, it will be around $48.3-$50.3, and bearish case around $45.5-$48.3. Next week will the be key and will tell us which side it will take. Use RSI as your guide.
No position in AIG (Sold around $49.9 on 10/14), but looking to re-enter.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.